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Stay Informed – Special 20- and 25-Year Plans
… quick tips and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and information. …
https://www.osc.ny.gov/retirement/publications/1517/stay-informedNYC Budget Is Balanced but Risks Are Growing
… preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in state assistance, … City’s coffers,” DiNapoli said. “Still, there are risks on the horizon, and Mayor de Blasio’s efforts to find …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingComptroller DiNapoli Releases State Audits
… New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued: Office of … New York City Transit Paratransit Division - Access-A-Ride Accident Claims (2012-S-12) Federal law requires the MTA to … or less are not all reported as required. Similarly, car service providers did not report accidents as required …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsVI.3.B Budget Transfers Within a Business Unit – VI. Budgets
… budget authority between budgets within a single Business Unit. Each budget entry in the Budget Transfer Component must … following are descriptions of the five budget entry types for Budget Transfers within a Business Unit: Apportionment – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi3b-budget-transfers-within-business-unitState Comptroller DiNapoli Releases Audits
… In 2013, LIRR awarded a contract to procure new M9 train cars. The contract includes an initial base order of 92 cars with options for an additional 584 M9 cars. In July 2017, LIRR exercised its first option for an …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-auditsNYSLRS Ordinary Death Benefit
… DiNapoli's Legislative Program Legislative Session 2023-2024: NYSLRS Ordinary Death Benefit – A.10570/S.9812-A …
https://www.osc.ny.gov/legislation/nyslrs-ordinary-death-benefitStay Informed – State Police Plan
… quick tips and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and information. …
https://www.osc.ny.gov/retirement/publications/1518/stay-informedComptroller DiNapoli Releases State Audits
… of Children and Family Services (OCFS): Management of Energy Consumption (Follow-Up) (2014-F-18) An initial report … and the timeliness of billing. However, bill preparation is a very time-consuming process and billing frequency for … additional work is needed to safeguard the public in areas where potentially dangerous infrastructure problems remain …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-state-audits-0Alternate Contribution Stabilization Program
… Stabilization Program provides short-term cash relief for employers by allowing them to amortize a portion of their … limits the increases or decreases in contribution rates from year to year. This means employers may be able to … Review” link on the Billing Dashboard. You will be able to search for a specific amortization or view a list of all …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programTrash Can Free Stations Pilot Program
… collection for Transit’s 468 subway stations throughout Brooklyn, the Bronx, Manhattan and Queens. Trash collected is … of rodents.” Transit began the pilot at two stations, 8th Street on the “R” line and Flushing-Main Street on the number “7” line (Phase I). Subsequently, SEO …
https://www.osc.ny.gov/state-agencies/audits/2015/09/22/trash-can-free-stations-pilot-programHow the Program Works – Contribution Stabilization Program
… determines an employer’s annual contribution according to its usual procedures. The CSP does not change these … be deposited into that account. Reserve account funds will earn interest based on fixed rate securities of appropriate … had made a normal, ungraded payment. Under the CSP, no money is taken from the Fund and there is no impact on the …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksAnnual Wage for New Tier 6 Employees
… hire new Tier 6 employees, NYSLRS uses their annual wage to determine the Tier 6 member contribution rates that you … paper, you can enroll NYSLRS members by fax. Be sure to fill in the Projected Annualized Wage box in Part 2 of the … full-time, if the employee joins NYSLRS, employers will need to calculate an “annualized” version of their annual …
https://www.osc.ny.gov/retirement/employers/annual-wage-new-tier-6-employeesFiling for Retirement – When Employees Retire
… Employees must file a retirement application in order to start receiving their pension. Retirement Online … As an alternative to Retirement Online , employees can mail a paper application, available on our Forms page . … you their completed retirement application or other NYSLRS form, please forward it to us immediately by email, fax or …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/filing-retirementDiNapoli: Waiving Waiting Period for Public Workers' Retirement Protects Families During Pandemic Crisis
… 15-day waiting period before a public employee’s service retirement can take effect. DiNapoli requested the Executive … who may lose a loved one to COVID-19 before their service retirement can be made official. The Executive Order applies … are on the front lines battling the coronavirus in their communities every day,” DiNapoli said. “God forbid something …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-waiving-waiting-period-public-workers-retirement-protects-families-during-pandemic-crisisThe Ex-spouse’s Payments – Divorce and Your Benefits
… benefit into a tax-deferred retirement account (such as an IRA, 401K, 403b, etc.). Rev. 2/23 …
https://www.osc.ny.gov/retirement/members/divorce/ex-spouses-paymentsVacating Orders – Divorce and Your Benefits
… If the ex-spouse waives their interest in a member’s pension … must return to court to obtain a Vacating Order. A signed agreement or a notarized letter signed by the parties is not … Vacating Order include the date on which the original DRO was signed and language specifically vacating that DRO. In …
https://www.osc.ny.gov/retirement/members/divorce/vacating-ordersXVI.3.F Public Benefit Corporations – XVI. Financial Reporting
… currently outstanding. The DASNY is administered by an 11-member Board of Directors consisting of five gubernatorial … consent of the Senate. As noted below, effective January 1, 2017, the New York State Canal Corporation, which operates … of local highway and bridge projects. Prior to January 1, 2017, the NYSTA operated the 524-mile New York State Canal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3f-public-benefit-corporationsNew York State Common Retirement Fund
… New York State Common Retirement Fund The New York State Common Retirement Fund is one of the largest …
https://www.osc.ny.gov/common-retirement-fundCancellation of Election to Purchase Additional Annuity 21(l) or 321(l) (RS5378)
For NYSLRS Tier 1 & 2 members (and Tier 3 & 5 PFRS members who are non-contributory) to request to discontinue making voluntary contributions to NYSLRS.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5378.pdf